Joseph Adams is Chief Executive Officer of FS Bancorp, Inc. (FSBW). The company reported total compensation of $1,442,575 for fiscal year 2025.
| Salary | $590,000 |
|---|---|
| Bonus | $368,750 |
| Stock awards | $152,050 |
| Option awards | $285,182 |
| Non-equity incentive plan | $0 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $46,593 |
| Total | $1,442,575 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure FS Bancorp, Inc. filed April 6, 2026, accession 0001437749-26-011384.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Chief Executive Officer | $590,000 | $368,750 | $152,050 | $285,182 | $0 | $0 | $46,593 | $1,442,575 |
| FY2024 | Chief Executive Officer | $550,375 | $516,000 | $293,860 | $160,860 | $0 | $0 | $42,127 | $1,563,222 |
Totals as disclosed in each year's own compensation disclosure for FS Bancorp, Inc..
| Peer-group chief executive median | $1,731,592 |
|---|---|
| Difference from that median | $-289,017 |
| Percentile within the disclosed peer group | 28th |
| Peers with a disclosed figure | 17 |
Medians and percentiles are computed across the peer group FS Bancorp, Inc. discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| Joseph Adams this page | Chief Executive Officer | $1,442,575 |
| Matthew Mullet | President | $1,143,873 |
| Donn Costa | Executive Vice President, Chief Home Lending Officer | $625,711 |
| Shana Allen | Executive Vice President, Chief Information Officer | $568,080 |
| Phillip Whittington | Chief Financial Officer | $377,457 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full FS Bancorp, Inc. compensation brief.
Joseph Adams's compensation sits inside FS Bancorp, Inc.'s full executive and board picture — the peer group, pay against peers, incentive design and the board itself.